FBC The Intelligence Report With Trish Regan July 5, 2017
Shifted toward a less grad all approach to overall policy normalization. The fed expects inflation to remain somewhat below the 2 target near term. The fed reiterated support for gradual increase in the federal funds rate. Participants believe in 2018 there will a bit of a slowdown in the economy, revising projected gdp to 1. 8 from 2. 2 . Unemployment, expected to being strong, 3. 95 to 4. 5 . One of the things fed is watching, obviously lower inflation. Several participants expressed concern 2 longer run inflation objective might have slowed. Recent so theness in inflation might persist. The...